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Earnings Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share |
6) | Earnings Per Share
Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows: Schedule of Earnings Per Share, Basic and Diluted
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 6,506,355 |  |  | $ | 7,271,549 |  |  | $ | 10,844,647 |  |  | $ | 14,746,071 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  | 24,767,601 |  |  |  | 24,474,232 |  |  |  | 24,733,733 |  |  |  | 24,490,545 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee stock options |  |  | 761,460 |  |  |  | 605,328 |  |  |  | 889,495 |  |  |  | 696,293 |
Diluted weighted-average shares outstanding |  |  | 25,529,061 |  |  |  | 25,079,560 |  |  |  | 25,623,228 |  |  |  | 25,186,838 |
Basic net earnings per share |  | $ | 0.26 |  |  | $ | 0.30 |  |  | $ | 0.44 |  |  | $ | 0.60 |
Diluted net earnings per share |  | $ | 0.25 |  |  | $ | 0.29 |  |  | $ | 0.42 |  |  | $ | 0.59 |
For the six month periods ended June 30, 2025 and 2024, there were 416,539 and 143,456 anti-dilutive stock option shares, respectively, that were not included in the computation of diluted net earnings per common share as their effect would be anti-dilutive. Basic and diluted earnings per share amounts are the same for each class of common stock. The following table summarizes the activity in shares of capital stock. Summary of Activities in Shares of Capital Stock
|  | Class A |  |  | Class C |
Outstanding shares at December 31, 2024 (1) |  |  | 22,321,422 |  |  |  | 3,492,672 |
Exercise of stock options |  |  | 66,273 |  |  |  | 95,337 |
Vesting of restricted stock units |  |  | 3,547 |  |  |  | - |
Conversion of Class C to Class A |  |  | 395 |  |  |  | (395 | )
Outstanding shares at June 30, 2025 (1) |  |  | 22,391,637 |  |  |  | 3,587,614 |
Outstanding shares at December 31, 2023 (1) |  |  | 22,119,299 |  |  |  | 3,291,271 |
Outstanding shares, beginning |  |  | 22,119,299 |  |  |  | 3,291,271 |
Exercise of stock options |  |  | 32,082 |  |  |  | - |
Vesting of restricted stock units |  |  | 865 |  |  |  | - |
Conversion of Class C to Class A |  |  | 266 |  |  |  | (266 | )
Outstanding shares at June 30, 2024 (1) |  |  | 22,152,512 |  |  |  | 3,291,005 |
Outstanding shares, ending |  |  | 22,152,512 |  |  |  | 3,291,005 |
(1) | Adjusted retroactively for the effect of annual stock dividends
SECURITY NATIONAL FINANCIAL CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements June 30, 2025 (Unaudited)

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